Compare VendorInsight and RiskRate - Apr 2022

Shlomi Lavi

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

Bottom Line: Which is Better - VendorInsight or RiskRate?

VendorInsight is more expensive to implement (TCO) than RiskRate, and RiskRate is rated higher (77/100) than VendorInsight (73/100). RiskRate offers users more features (2) than VendorInsight (0). There is a clear winner in this case and it is RiskRate!

Looking for the right Vendor Management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Cost Management Performance Group Vs. NAVEX Global

Cost Management Performance Group: Contract management, monitoring and alerting ensure you never miss critical contract dates. Risk assessment templates give you proven, reliable and accurate vendor risk assessments every time. Automatic vendor performance reviews and included vendor monitoring for important things like news, regulatory actions, lawsuits, social media, and custom...

NAVEX Global: We believe that people deserve to have a meaningful experience at work both in terms of the work they do and how they feel valued as a person. NAVEX Global believes what we do is important and while we are proud of the difference we make for our clients, we are even more proud of the priority we place on people and the culture we are building toget...

Who is more expensive? VendorInsight or RiskRate?

The real total cost of ownership (TCO) of Vendor Management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for VendorInsight and RiskRate.

VendorInsight accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 VendorInsight is rated 6, which is similar to the average cost of Vendor Management software. RiskRate price starts at $5,000 per year , When comparing RiskRate to its competitors, the software is rated 2 - much lower than the average Vendor Management software cost.

Bottom line: VendorInsight is more expensive than RiskRate.

Which software includes more/better features?

We've compared VendorInsight Vs. RiskRate based on some of the most important and required Vendor Management features.

VendorInsight: We are still working to collect the list of features for VendorInsight.

RiskRate: Customer Experience Management, Contact Management.

Target customer size

VendorInsight's typical customers include: Small, medium and large size businesses, and RiskRate's target customer size include: Small, medium and large size businesses.